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but I think the point is that by being "100% user supported”, the way to get rich is by getting more paying users by “making things people want” vs optimising a
by ghufran_syed 3y ago
but I think the point is that by being "100% user supported”, the way to get rich is by getting more paying users by “making things people want” vs optimising a metric like “growth” in order to temporarily fool the next investor into overpaying at IPO or acquisition.
- wmf 3y agoSadly it's common to make things (not enough) people want and still run out of money.
- borski 3y agoThe way to get rich if you’re VC-funded is also to make things people want by getting more paying users. You don’t become Dropbox or Stripe by having a terrible product. The fools optimizing for “growth” without anything sustainable aren’t going to get rich (on average), and are focused on the wrong customer - the VC. VCs don’t force you to do bad things. Bad founders do bad things, and they sometimes raise money. That’s all.